Refer to the Data Provided in Table 10 -Refer to Table 10

question 40

Multiple Choice

Refer to the data provided in Table 10.2 below to answer the following question(s) .
Table 10.2 $$\begin{array} { c c c } \begin{array} { c } \text { Total Labor Units } \\\text { (employees) }\end{array} & \begin{array} { c } \text { Total Product } \\\text { (frames per day) }\end{array} & \begin{array} { c } \text { Price per } \\\text { Frame }\end{array} \\\hline 0 & 0 & \$ 10 \\1 & 10 & \$ 10 \\2 & 30 & \$ 10 \\3 & 55 & \$ 10 \\4 & 70 & \$ 10 \\5 & 82 & \$ 10\end{array}$$
-Refer to Table 10.2. The firm currently employs 4 workers at the market wage of $120 per worker per day. If the firm wants to maximize its profits, it should

• A) hire fewer workers
• B) hire more workers.
• C) make no adjustments as it is already employing the profit-maximizing number of workers.
• D) shut down since it is incurring a loss.

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Definitions:

Internal Integration

The process of aligning and unifying various elements within an organization, such as departments, teams, and processes, to work cohesively towards common goals.

Cultural Symbols

Objects, signs, or emblems that carry specific meanings recognized by individuals within a particular culture or society.

Jargon

Specialized language or terminology used by a particular profession or group, often difficult for outsiders to understand.

Gestures

are movements of the body, especially the hands and arms, that express ideas or feelings.